Tapiwanashe Mangwiro
HARARE – NMB Zimbabwe says that its loan book does not have significant exposure to business sectors that are most affected by the coronavirus pandemic and subsequent lockdown.
NMB chief executive Benefit Washaya told FinX that loan book exposure...
Jonathan Waters
Tomorrow, June 11, marks the centenary of the arrival of the first aircraft in Harare carrying two passengers from Kadoma, and it is perhaps an irony that today may pass – as it did 100 years ago...
The end of Chartered Rule, entrenchment of white self-government and African economic disempowerment: Currencies, and the consolidation of Racialised Economic Spaces, 1920-1930
Tinashe Nyamunda
In the previous article, I examined the currency crisis that slowed down the consolidation of white economic...
HARARE – A slowdown in economic activity in April due to the coronavirus-induced national lockdown, saw the country’s trade deficit narrow by a significant 82.87% to $24.2 mln. According to the latest statistics from Zimstat, cumulatively the trade deficit...
HARARE - The country's maize production is estimated to have risen 17% in the 2019/20 season, but the biggest concern remains the poor yields, which averaged 0.57 tonnes per hectare. According to the Second Round Crop and Livestock Assessment...
Farai Mabeza
Productive sector support under the $18.02 billion COVID-19 Economic Recovery and Stimulus Package will be financed by banks through normal banking channels and covered by government guarantees, it has been announced.
In a statement, the Ministry of Finance and...
HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not follow the parallel market rates as it would heighten inflationary pressures.
In a notice, ZERA increased...
HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day as part of ongoing measures to stop parallel market dealings.
In a directive to banks, the...
Shamiso Ngwena
Thousands of workers in the tourism and hospitality industry could lose their jobs due to the effects of the COVID-19 global pandemic, which has seen the industry shut for close to three months.
The industry, according to various sources,...
Tawanda Marwizi
Farmers who deliver their maize and other traditional grains will now enjoy the 30 percent incentive after the Grain Marketing Board directed all its depots to start paying the money.
Cabinet recently approved the 30 percent incentive on the...
